New Air Cargo Express Hub to further strengthen Singapore as air cargo hub
18 January 2011
17 January 2011, Singapore - The Civil Aviation Authority of Singapore (CAAS) and Changi Airport Group (CAG) today announced the development of a new Air Cargo Express (ACE) Hub. Leveraging the excellent connectivity of Changi Airport, the ACE Hub will further strengthen Singapore’s position as a key centre for Air Express Companies (AECs) and their gateway to air express cargo markets such as in Southeast Asia, South Asia and Oceania, allowing AECs to expand their reach to these regions.
Strategically located within the Changi Airport’s Free Trade Zone, the ACE Hub is a specialised cargo and logistics infrastructure for use by AECs. The ability to provide fast turnaround is vital in their business. The ACE Hub will have direct airside access to facilitate the unrestricted flow of cargo to and from aircraft, enabling AECs to shorten the processing time for time-sensitive shipments to achieve greater efficiency and speed in transporting express cargo.
Under the Changi Airport Masterplan, CAAS has allocated about 80,000 square metres of land for the development of the ACE Hub and its supporting airside infrastructure. CAG will manage the development and operations of the new facility, which is targeted to be operational in the first half of 2012.
Mr Yap Ong Heng, Director-General, CAAS, said, “The ACE Hub will enhance Singapore’s competitive advantage in harnessing the critical air express cargo business and strengthen Singapore’s position as a leading air cargo hub.” Mr Yap continued, “As an enabler of the development of the aviation industry, CAAS aims to provide land at Changi Airport for such specialised infrastructure needs of industry players.”
CAG’s Chief Executive Officer, Mr Lee Seow Hiang, said, “The development of the ACE Hub reflects Singapore’s long term commitment to support the growth of the air cargo industry in Asia. The unique development model of the ACE Hub, including conceptualisation of the original idea and collaborative implementation with CAAS and other key government agencies, underlines Changi’s focus on innovation and partnership to grow and keep its competitive edge. CAG looks forward to work closely with all stakeholders to ensure the successful implementation of the ACE Hub at Changi.”
For more information, please contact:
Satwinder Kaur (Ms)
Assistant Director (Corporate Communications)
Civil Aviation Authority of Singapore
DID: (65) 6541 2912
Changi Airport Group
DID: (65) 6595 6823